Warren Buffett Talks About The Debt Ceiling This Morning (Updated)

July 7, 2011 1:01 pmby

Warren Buffett talks about tax brakes for corporate planes, which President Obama has mentioned in recent, which would raise revenue by $3 billion over three years. He also discussed more aspects of deficit reduction and the debt ceiling, the economy, and Coca Cola. See the slew of videos below:

Investment guru billionaire Warren Buffett reluctantly bats down Obama’s foolish rhetoric about corporate jets and gives the lowdown about how depreciation works for businesses.

“I don’t really see where a business aircraft is different from a business locomotive.” – Warren Buffett

“So this is just political theater?” – CNBC’s Joe Kernan
“I know what you’re trying to get me to say Joe…” – Warren Buffett

(I like Buffett’s soft diplomacy.)

The nation should not be making crucial decisions on the debt ceiling over a point of a gun, says Warren Buffett, Berkshire Hathaway chairman/CEO,who says the Treasury could get corporations to pre-pay September corporate taxes if needed, with CNBC’s Becky Quick.

The U.S. economy is better than it was 18 months ago but the recovery is still mixed, with Warren Buffett, Berkshire Hathaway chairman/CEO and Muhtar Kent, Coca-Cola chairman/CEO.

We are going to pay our bills in the end, says Warren Buffett, Berkshire Hathaway chairman/CEO, who says not paying bills is not a great pattern to project to the rest of the world, with CNBC’s Becky Quick.

Every business, except the ones connected to retail home construction, is getting better, says Warren Buffett, Berkshire Hathaway chairman/CEO. “When home construction moves you up, you will be amazed at how fast employment will improve,” he says.